About ANZ Bank
The Australia and New Zealand Banking Group Limited (commonly referred to as ANZ Bank) is one of the largest banking groups in the Asia-Pacific region. In fact, the bank is one of the top three banks in Australia and is the largest bank in New Zealand. It offers banking products and services across several sectors for individuals as well as businesses. Over the last few years, the bank has aggressively expanded in the emerging economies of China, Vietnam, Indonesia and India. At present, the global headquarter of the bank is located in Melbourne Docklands and it was inaugurated in 2009. Upon inauguration, ANZ Bank’s headquarter became one of the largest office complexes in Australia.
History of ANZ Bank
The Australia and New Zealand Banking Group Limited was established as a result of the merger of the Union Bank of Australia Limited with the Bank of Australasia on 1 October, 1951. ANZ Bank was one of the first few banks in the world that took an initiative of digitizing banking in the 1960s by establishing computer systems in a new centre for data processing in Melbourne. The bank established its international presence in 1966 by starting its operations in the Solomon Islands. After that, it opened its first ever branch in North America, in the state of New York in 1968. Eventually, it also expanded its presence in Asia by opening a representative office in the capital of Japan, Tokyo, in 1969.
In 1970, ANZ Bank merged with the English, Scottish and Australian Bank Limited and it was termed as the largest merger in the history of banking in Australia. ANZ Bank established its presence in Singapore in 1974 after it opened a representative office in the island. In 1980, this representative office was converted into a full-fledged offshore branch of the bank and in 2002, the offshore branch was then converted into a wholesale bank. The Singapore branch of the bank is one of its 2 designated regional hubs in the continent. In a period of more than 40 years, ANZ Bank has offered world class banking and financial services to Singaporeans and is regarded as one of the leading banks in the island.
In 2012, the bank generated a revenue of 17.74 billion Australian Dollars and earned profits of 5.661 billion Australian Dollars. The bank has total assets of 642.12 billion Australian Dollars as of 2012. In 2009, ANZ Bank purchased the retail banking operations of the Royal Bank of Scotland in Singapore, Hong Kong, Indonesia and Taiwan. Prior to that, the bank also purchased a 20 percent share of the Tianjin City Commercial Bank (China) in 2006. It also become one of the top private sector banks in the emerging economy of India. In 2014, it became the first bank from Australia to have a presence in the Shanghai Free Trade Zone in the city of Shanghai in China.
Why Choose ANZ Bank Singapore?
If you are looking for a one-stop solution for all your banking-related needs in Singapore, you can approach ANZ Bank. The bank offers an array of products and services that are designed to cater to the needs of all kinds of customers. The process of applying for any of the products offered by the bank is very simple as well. In fact, you can apply for many of their products such as credit cards, loans etc. online through their website. You will only need to fill an application form and submit relevant documents such as address proof, income proof, identity proof etc. The application will then be processed with a few business days.
ANZ Bank offers the following types of loans in Singapore:
The personal loans offered by the bank have been designed to help customers in the country in meeting their financial needs. These are term loans that offer the customers with a lump sum amount. The repayment terms are very flexible and the loans come with very attractive interest rates.
The property loans offered by the bank can not only help people to purchase properties in Singapore, but can also assist them financially to purchase properties in Australia. The quantum of financing is quite high and so the loan amount offered can be sufficient to buy most type of properties available in these countries.
Products and Services Offered By ANZ Bank in Singapore
If you are a Singaporean Citizen or a Permanent Resident of Singapore, you can approach ANZ Bank for all your banking related needs. If you need financial assistance to purchase the home of your dreams, you can apply for a property loan with the bank. Similarly, you can choose from a range of credit cards offered by the bank and apply for one that meet your lifestyle needs the best. If you are an individual who wants to save money and increase your financial assets, you can open a deposit account with ANZ Bank and enjoy high interest rates on the deposit amount.
The different products and services offered by ANZ Bank in Singapore are as follows:
- Digital Banking
- Phone Banking
- AXS Bill Payment
- Self-service Automated Machine (S.A.M.) Bill Payment
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Branches and ATMs
ANZ Bank has more than 1300 branches in the world including Singapore.
Over the years, ANZ Bank has received some of the most prestigious awards in the world of banking and finance. In 2013, it was named as the Bank of the Year in the Asia-Pacific, Cambodia, Laos and Australia region by The Banker magazine. In the same year, Dow Jones named it as the most sustainable bank in the world. In 2014, it was awarded the prestigious home lender of the year award by the Money Magazine. The wide range of awards and recognitions received by the bank testify to the fact that ANZ Bank is one of the most reliable banks in the world. Thus, it is not surprising many people in the island choose ANZ Bank when they are in need of a new banking or financial product.